Edward I Altman

Bankruptcy & Distressed Restructurings: Analytical Issues and Investment Opportunities Edward I Altman

Publisher Marketing: In today's vulnerable and volatile business climate, corporate bankruptcy and Chapter 11 reorganization is a common occurrence at U. S. corporations of all sizes, in all sectors. As a result, the market for distressed firms' debt and equity securities has captured the interest and imagination of the investment community like never before. Bringing together some of the most prominent people in both the practitioner and academic communities, Bankruptcy & Distressed Restructurings includes the determinants of successful distressed exchange issues and Chapter 11 proceedings, bankruptcy and liquidation costs and their impact on corporate values, investment opportunities in distressed and defaulted securities, management and competitor behavior related to distress, and an evaluation of investor priorities and market efficiencies. With contributions from more than 30 experts, this insightful look at corporate distress is must reading for anyone involved with corporate finance, financial markets, economics, and law. Contributor Bio:  Altman, Edward I John B. Caouette is the former vice chairman of MBIA Insurance Corporation and is currently Chairman of Channel Capital Group, a European-based credit derivative products company. Edward I. Altman, PhD, MBA, is the Max L. Heine Professor of Finance at the Stern School of Business, New York University. Previously, he chaired the Stern School's MBA Program for twelve years. He has been acclaimed as the world's leading academic on credit risk and distressed and high-yield debt for most of his forty-year career. Paul Narayanan is Director of Credit Portfolio Analytics at American International Group, Inc. He has been involved with credit risk management for more than two decades and in the development and deployment of analytical solutions for credit issues. Robert W. J. Nimmo is the former group risk director of Barclays PLC, where he was responsible for all the risk management activities of the group covering credit, market, operational risk, and compliance. He was also the chief risk officer for Wachovia Corporation (2000-2001) and for Westpac Banking Corporation (1993-2000).